What is Cormark’s Forecast for Cresco Labs FY2024 Earnings?

Cresco Labs Inc. (OTCMKTS:CRLBF) – Equities research analysts at Cormark cut their FY2024 earnings per share (EPS) estimates for Cresco Labs in a report released on Monday, November 11th. Cormark analyst J. Pytlak now forecasts that the company will post earnings of ($0.21) per share for the year, down from their prior forecast of ($0.17). Cormark has a “Hold” rating on the stock. The consensus estimate for Cresco Labs’ current full-year earnings is ($0.20) per share. Cormark also issued estimates for Cresco Labs’ FY2025 earnings at $0.03 EPS.

CRLBF has been the subject of a number of other reports. Ventum Cap Mkts upgraded Cresco Labs to a “strong-buy” rating in a report on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of Cresco Labs in a research report on Monday, August 12th. Finally, Roth Capital raised Cresco Labs to a “strong-buy” rating in a research report on Sunday, November 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.50.

Cresco Labs Stock Down 0.7 %

Shares of OTCMKTS:CRLBF opened at $1.39 on Thursday. The company has a fifty day moving average of $1.57 and a 200-day moving average of $1.70. The company has a market capitalization of $678.51 million, a PE ratio of -7.00 and a beta of 1.88. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.30 and a current ratio of 1.97. Cresco Labs has a 52-week low of $1.02 and a 52-week high of $2.65.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.